(Solved): Following Are The Transactions Of Dennen, Inc., For The Month Of January. Borrowed $26,500 From A Lo...

Following are the transactions of Dennen, Inc., for the month of January.

1. Borrowed $26,500 from a local bank.

2. Lent $10,000 to an affiliate; accepted a note due in one year.

3. Sold to investors 100 additional shares of stock with a par value of $0.10 per share and a market price of $20 per share; received cash.

4. Purchased $31,000 of equipment, paying $5,600 cash and signing a note for the rest due in one year.

5. Declared and paid $1,500 in dividends to stockholders.

For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts and determine ending account balances. Beginning balances are provided.